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January 30, 2417 <br />Thanh Ngoc Nguyen <br />2105 S. Bristol Street <br />Santa Ana, GA 02704 <br />CITY OF SANTA AN, <br />20 Clvlo Center Pima a P,O, Box 1089: <br />Santa Ana, California 92742 <br />714.647-5013 <br />M W 6sante-ena brg <br />ACTING CITY MANAGER <br />Gerardo Mouet <br />CITY ATfORNEY <br />Sonia R. Carvalho <br />CLERK OF THE COUNCIL. <br />`Maria D, Hulzar <br />Via Certified Mail <br />SUBJECT: REVISED OFFER TO ACQUIRE PROPERTY AND IMPROVEMENTS PERTAINING TO <br />REALTY AT: 2105-2109 Sr BRISTOL STREET, BANTA. ANA, CA 92704 <br />APN: 015-1 tJ4-41 <br />Dear Property Owner, <br />This Offer supersedes all previous Offers to Acquire. <br />The City of Santa Ana ('City") is proceeding with its plans to construct Phase 4 of the Bristol <br />Street Improvements Project between Warner Avenue and Saint Andrew Place,. The City <br />obtained a preliminary title report that lists Thanh Ngoc Nguyen, as trustee, or any successor <br />trustee, under that certain declaration of trust named Thanh Ngoc Nguyen Family Trust, created <br />by Thanh Ngoc Nguyen; as trustor, dated October 30, 2001 to be the vested owner of the above- <br />mentioned property as shown in Attachment 1. The City seeks to acquire the property located at <br />the above-mentioned address, which consists of the underlying real property as described in <br />Attachment 2. The area to be acquired is referred to herein as the "Property <br />No final determination has been made as to the ownership of the Property. This offer is <br />contingent upon presentation of conclusive evidence of title, If more than one person has an <br />interest in the Property that the City is seeking to acquire, all parties with such interest must <br />accept this offer. <br />As you know, the City had your Property appraised by certified appraisers for the real estate as <br />well as improvements pertaining to the realty to determine its fair market value. The appraisals <br />were conducted in accordance with commonly accepted appraisal standards and included <br />consideration of the highest and best use of the land. used on the appraisals, the City offers <br />you a total compensation of $1,572,965,00. The Fair Market Value of the Subject Property, which <br />serves as the basis for this offer is attached as Exhibit A. This offer is conditional upon the City <br />Council ratifying this offer by a formal action taken at a regular public meeting authorizing the <br />execution of a Purchase and Sale Agreement or adopting a Resolution of Necessity, or both. <br />75K-9 <br />